Berkshire Hathaway reaped about $370 million selling the stock, marking Warren Buffett's 16th round of disposals since mid-July.

Caution among business owners has held down loans at the megabank and many of its smaller competitors. But third-quarter earnings suggest activity is rebounding.

Bank of America, Wells Fargo and U.S. Bank are among the institutions taking advantage of regulatory tailwinds to get more aggressive.

Wall Street banks are expected to capitalize on ultra-low credit spreads and strong demand from investors after they report quarterly results.

JPMorgan Chase, Bank of America, Citigroup and other big banks have committed to reaching net-zero emissions by 2050. But their execution is lagging behind their pledges, according to a new report by the environmental group.

The legendary investor has been reducing his 13-year-old stake in BofA. It's the most recent instance of Buffett profiting from a big bet on a troubled financial institution.

Berkshire Hathaway's stake in BofA is now 10.5%.

As president of retail banking, O'Neill said she is focused on putting clients on a path to financial health, delivering "a great experience" and transforming the business while applying technology in support of those objectives. 

Stewart took over as head of commercial banking three years ago as the country was coming out of the pandemic and several of the people on the commercial bank's leadership team were getting ready to retire.

Knox leads more than 4,500 professionals at Bank of America Private Bank, which generates $3.6 billion in annual revenue and has $640 billion in client balances from high-net-worth individuals, families and institutions. 

Bank of America is planning to open 165 new branches by the end of 2026. As brick-and-mortar locations remain critical for adding new customer accounts, JPMorgan Chase and Wells Fargo are also making targeted additions to their branch networks.

The suit was filed by three New Jersey residents who alleged that BofA froze their prepaid debit cards during a pandemic-era fraud wave, blocking them from accessing unemployment benefits.

Jim Rourke and Michael Liu will serve as co-heads of private client partnership development, linking Bank of America's investment bank, Merrill and the firm's private bank.

Bank of America, Citigroup, HSBC and others are increasingly using sustainable and recycled materials for manufacturing

Berkshire Hathaway trimmed positions in Capital One and Bank of America in the last several months, public filings show.

Republican State Treasurer John Fleming said he had concerns about big banks limiting business with firearms entities and Christian organizations, but has few options: "Only a small number, relatively speaking, of banks actually qualify to do the level of business that a state treasurer requires."

Many on Wall Street agree that an abrupt end to quantitative tightening, or QT, is unlikely, with policymakers signaling its rolloff of Treasury holdings will finish by year-end.

Berkshire still holds almost 962 million shares, the filing shows — worth $39.5 billion at Monday's closing price.

The Charlotte, North Carolina-based bank saw profits and net interest income dip in the second quarter, but made up lost revenue through investment banking fees.

Cullen/Frost's CFO is retiring, a top JPMorgan research analyst is leaving, and both UBS and JPMorgan hire tech dealmakers in this week's banking news roundup.